Finally My May 2018 Net Worth Post

May 2018

Hi everyone I know I am a couple of weeks late with this post my apologies I have been busy with work and the World Cup has caught my attention. Today I am focused on finishing this post to give you guys a look at my financials to see if they have improved or declined from April.

May was a quiet month for me which is a positive. I did not make big purchases. One thing to mention about my employment at the end of May I got hired on as a part-time employee with my employer which is a step up from being classified as a supply custodian. I mention this because as a part-time employee I have 20 hours per week that is mine, on top of this my boss as placed me in a long term placement which gives me an additional 17.5 hours per week for a total of 37.5. This affects my finances because I now get paid every week which is kind of neat.

Let’s get to the numbers shall we!

All numbers are as of May 31, 2018

May April Change
Cash & Savings $6,074.21 $5,312.87 $761.34
Investments $121,492.82 $120,214.00 $1,278.82
Car $14,282.00 $14,282.00 $0.00
Liabilities $9,984.57 $10,854.79 -$870.22

Cash & Savings (+$761.34)

May April Change
Car Account $1,316.38 $911.61 $404.77
Cash $454.92 $559.96 -$105.04
Emergency Fund $4,302.91 $3,841.30 $461.61

May was a good month for my savings, I was able to add more to my car account and emergency savings. I would like to eventually get my emergency fund up to $10,000 I don’t have a fixed deadline for this (maybe 2019??). In my April net worth post I mentioned that I would make an extra payment on my car loan well I delayed that until June.

Investments (+$1,278.82)

May April Change
Locked in RRSP $4,095.99 $3,948.00 $147.99
TFSA $30,175.75 $29,195.00 $980.75
RRSP $87,221.08 $87,071.00 $150.08

My investments saw a nice bump in May. This growth came from fresh capital that I deployed in the month and through dividends received ($369.72). One small concern I have is that my RRSP account didn’t grow. Above it says it grew by $150.08 but I received $200.33 in dividends without that I would have lost $50. I may need to take a look at my account and see if I need to make some changes.

Car ( $14,282.00)

I currently own a 2015 Hyundai Elantra GLS and according to Canadian Black Book the value of the car is now $14,282.00. I check this every three months.

Liabilities (-$870.22)

May April Change
Credit Card $97.54 $670.86 -$573.32
Car $9,887.03 $10,183.93 -$296.90

My liabilities declined nicely in May, I was able to pay off my balances that I had at the end of April. I have a small amount on my cards at the end of May. Also I made my regular two monthly payments on my car.

Net Worth


Yay I surpassed $130k. When you put all the numbers together May was the second best month of 2018 for me my net worth increased by $2,910.38.

How did you guys do in May?? I hope it was positive. I promise that my June post will be done more quickly πŸ™‚

Thanks for reading I appreciate your support.


May 2018 Net Worth


21 thoughts on “Finally My May 2018 Net Worth Post

  1. Hey Matt

    Congrats on a getting more hours, steady income is key to long term financial freedom!

    What is your long term goal for housing? Are you looking at buying a house/condo – staying where your at? Renting?

    Just curious – if no plans to buy a house, probably don’t need to sit on so much cash (unless you are holding it for when the market inevitably crashes..haha)

    Liked by 2 people

    1. Hey buddy I don’t currently have a plan per say. At some point I would like to move out and get a place of my own. Over the years I have been laser focused on investing my money that is why cash is so slow. Now I think I will slowly balance my money my saving it in cash and investing. Heck if the market does crash I could always use that money to invest πŸ™‚

      Liked by 1 person

  2. Hey Matthew,

    Congrats! – 130k is awesome and when i look at your chart i see a steep upward trend. Keep going!

    May was positive for me as well – a new dividend income record with 848$…and i’m watching the world cup of soccer at the moment. A lot of teams can win. Do you have a favorite team?



  3. You had another great month! Congrats about your increase in work hours and also paying off liabilities while increasing your net worth. All good stuff!

    Liked by 1 person

  4. I love reading net worth posts like this Matthew. Thanks for sharing. I keep saying that I want to publish a post like this but still haven’t. At some point down the road I will. Until then I’ll live vicariously through the bloggers that do share their net worth. Your allocation is looking fantastic. Keep it up!

    Liked by 1 person

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